South Elgin Real Estate Market Update May 2018

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South Elgin Real Estate Market Update May 2018
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Real Estate In South Elgin is a balanced market
that favoring sellers. We still see plenty of
inventory, so plenty of bargains for the buyers.
There is a 5.19 months supply of inventory on the
market in South Elgin on May 31, 2018.
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Now is the Time to Sell! The average market time
for a Single Family Homes to sell in South
Elgin last month was 30 days.It took on average
14 days to sell South Elgin Condo, Townhouse or a
Duplex.The number of home sales in South Elgin
from April 1, 2018 through April 30, 2018 was 43
units. That is 1 above the number of homes sold
last month in South Elgin. The average price per
square foot in the area is now 108/Sq.Ft, which
is 32 an increase from last month.
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In South Elgin there were 14 units sold in April
in the price range between 120,000 181,120
with an average of 2.4 bedrooms and 1.2 bathrooms
and average Square footage of 1,174SF. In South
Elgin there were 26 units sold in April in the
price range between 181,121 373,619 with an
average of 3.4 bedrooms and 2.1 bathrooms and
average Square footage of 2,197SF. In South Elgin
there were 3 units sold in April in the price
range between 373,620 505,000 with an average
of 4.3 bedrooms and 3.4 bathrooms and average
Square footage of 3,548SF. The low price range
had the most activity. Homes up to 181,120 were
on the market on average 9 days and sold an
average of 156,557.
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If you are looking for a new home for you and
your family, or looking for an investment
property, you cant go wrong by getting a prime
piece of real estate in South Elgin. Search
all South Elgin homes for Sale on propertyup.com I
f you are considering viewing South Elgin, you
may want to do so now!
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John Herman Property Up Inc. Call 847-847-4711 18
-5 E Dundee Rd, Suite 200 Barrington, IL 60010